📊 US PCE: inflation in detail

The Bureau of Economic Analysis (BEA) released today, 08/29/2025, the numbers for July:

PCE (overall consumer price index): +0.2% in the month | +2.6% over 12 months

Core PCE (excluding food and energy): +0.3% in the month | +2.9% over 12 months

These data came in exactly line with projections, showing that inflation remains controlled, but still above the Fed's 2% target.

🔍 What the market reads from this

Even without negative surprises, the core PCE continues to indicate persistent pressures. This reinforces that the Fed may not be in a hurry to cut rates already in September, preferring to wait for more signs of slowdown before changing the tone of monetary policy.

💡 Relevance for crypto

Fewer immediate cuts = stronger dollar for longer. This tends to limit liquidity in risk assets in the short term.

On the other hand, stability in the data helps reduce volatility. If the Fed signals confidence soon, the market may unlock space for new entries in crypto and DeFi.